Connect with us

Hi, what are you looking for?

Economy

ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies

Image Source: Pixabay

Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.”

In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out due to their exceptional hash rates.

The AR1 miner delivers hash rates of 1050 TH/s for Bitcoin (BTC), 400 GH/s for Litecoin (LTC) and Dogecoin (DOGE), and 20 TH/s for Dash.

Taking it up a notch, the AR2 miner offers hash rates of 2200 TH/s for Bitcoin, 900 GH/s for Litecoin and Dogecoin, and 45 TH/s for Dash.

At the top of the line, the EliteAR miner, considered the world’s most powerful crypto miner, boasts an impressive 4900 TH/s for Bitcoin, 2200 GH/s for Litecoin and Dogecoin, and 100 TH/s for Dash.

Fight For Efficiency Among Crypto Miners Grow

Crypto mining companies have ramped up efforts to maximize efficiency and reduce their environmental impact.

The move comes as the ongoing conflict between Hamas and Israel is causing growing concerns about the potential for another energy crisis.

In the announcement, ASICRUN said it has also prioritized energy efficiency in its mining rigs.

The AR1 miner consumes only 650 W, the AR2 consumes 1300 W, and the EliteAR consumes 2800 W, making them highly energy-efficient options for miners.

Considering the current market conditions, these miners have the potential to generate substantial earnings.

The AR1 miner can yield around $1,897 for Bitcoin, $3,474 for Litecoin, and $3,591 for Dash. The AR2 miner has the potential to bring in $3,974 for Bitcoin, $7,813 for Litecoin, and $8,011 for Dash.

Lastly, the EliteAR miner can earn approximately $8,853 for Bitcoin, $19,700 for Litecoin, and $17,400 for Dash.

Other industry players are also focusing on improving efficiency.

Auradine, for instance, recently unveiled its next-generation Teraflux Bitcoin miners, the AT2880 and AI3680.

Miners Reap Rewards as Halving Looms

Crypto miners have been enjoying increased rewards amid the recent surge in crypto prices, with their average daily revenue rising to around $32 million over the past month.

The hashrate, a measure of the computational power needed to mine a coin, has reached an all-time high, indicating that miners are using more powerful computers to crack the complex maths puzzles that earn them a Bitcoin.

According to the mining data platform Hashrate Index, a measure of miners’ earnings from using 1 petahash per second of computing power in a day has risen to over $81 from $70 at the start of November.

Meanwhile, the anticipation of a spot ETF approval has led to a surge in Bitcoin’s price in recent weeks.

The cryptocurrency rallied towards $38,000 late yesterday, driven by market speculation surrounding the potential approval of a spot ETF.

The post ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies appeared first on Cryptonews.

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2023 Oldamericanbroker.com